Sportsbook is one of the most popular online gambling nowadays. So no wonder if many online gamblers attract to this game. In the previous article, we talked about a short and brief introduction of online Sportsbook games. On that article, I mentioned about simple tips and strategies to play these particular games. Even though most of the times Sportsbook considered as a game based solely on good luck and lucky guess, to gain financial benefits, you had to make a certain strategy. Research is also an important key to play Sportsbook. Of course, there are always intangibles aspect that cannot be considered. But, nothing wrong with a well-prepared bettor.
Next, we are moving on to the Sportsbook game itself. In this article, we'll talk about Sportsbook terminology, rules, and bet type. Even though this game is pretty simple, the terminology and rules might be a little bit confusing. No wonder why many newcomers have taken aback just because of the complicated terminology and rules. But worry not, you've come to the right place. We'll guide you into it.
Sportsbook Terminology and Sportsbook Bet Type
PointSpread
This word refers to the number of points your favorite team must have to make you win the bet. For example; in the match between Manchester City and Liverpool. Manchester City must win with 10 betting points to considered as a winner. This type of betting is the most popular one.
Moneyline
This word refers to the opportunity for the team to win the match directly without using dots. Usually indicated by a 3 digit number like -150. In simpler terms, if there is (-), then the player must pay the amount to win 10000RP. If it is ( ) then the player wins that amount for every 10000RP at stake.
Bet Type You Could Find on Sportsbook
Straight Bet
This is a single bet on a match or game that will be determined by a spread point or money line, the term we discussed earlier.
Parlay
This is a single bet but combines two or more bets. Because this type of bet is "all or nothing at all". By losing only one of the bets that are joined, you will lose all your bets, but if you win, your results are higher than separately placing bets.
Futures
These are bets placed for an event or example that will occur far in the future. Usually, this bet is for things like championship participants, or who will qualify for the playoffs.
Proposition
Prop bets are also known as bets that focused more on events that occur in the game. This can be seen in many games such as soccer, basketball and the like because it applies to this sport. Examples of prop bets are; which team will get the first score? Which player will score the most? Which team will have more turnaround.
Teaser
A type of bet in basketball where the point spread is adjusted for players who support more than one match. In this example, 4,4,5, and 5 Teaser points are offered. However, it should be noted that it can reduce your payment because it can increase your chances of winning.
Round Robins
Basically a series of parlay bets. For example, round-robin from 3 teams will have 2- team parlays. (a b, a c, and b c)